Project resultaten

1. Clear separation:

• Add a new line: "Amount assumed" next to or below "Budgeted."
  → This indicates what is contractually agreed upon, separate from what is budgeted.

2. Realistic review of progress:

• Use Invoiced + Purchased as a measure (or reference) for the status of the project.
  → This represents what value has already been performed and consumed.

3. Billed tests against performance:

• Billed amount should logically match what has already been delivered/performed:

  • Purchased (cost)

  • Billed (value from subsequent costing).

4. Redefine remaining as progress indicator:

• Instead of an absolute amount, calculate a percentage progress:

  Progress (%) = (Billed) / (Invoiced + Purchased).

Instead of illogical calculation based on budget, I would rather work with a clear distinction between 'budgeted' and 'assumed' for the result. Then I would use 'billable + purchased' as a measure of what was actually performed, and set the invoiced amount against that. Thus, 'remaining' becomes a logical percentage of accomplished performance versus billed revenue.

For projects on direction:

For directional projects, the 'Assumed' field can be left blank because there is no fixed price agreed upon.
The progress and remaining amount can then simply be calculated based on:

Invoiced / (Invoiced + Purchased).

This then also applies to the project reports